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cnbc.com
Trump tries to rename AI 'super intelligence' as polls show him sinking on key issue
Trump shrugged when asked if he is concerned that his support for AI and data centers could hurt Republicans in the upcoming midterm election.
cnbc.com
Dan Ives prepares to debut fund offering access to private companies fueling AI boom
Yorkville Ives priced a fund aiming to give investors access to the private companies helping develop artificial intelligence.
bbc.co.uk
Regulating AI 'not the right place to start' says Bailey
AI needs "rigorous" testing and safeguards to contain risk, Andrew Bailey says.
cnbc.com
OpenAI is sued over rogue AI Hugging Face cyberattack
The lawsuit appears to be the first publicly reported case seeking to hold an AI developer liable for an incident caused by rogue systems.
bbc.co.uk
Africa's richest man to launch Kenya oil refinery despite land protests
The Kenya refinery is part of Dangote's ambitious bid to expand and help industralise Africa by 2030.
cnbc.com
Trump denies offering Iran sanctions relief; Tehran receives U.S. proposal following Qatar talks
U.S. President Donald Trump has denied reports that he had offered sanctions relief to Iran in exchange for concessions from Tehran on its nuclear program.
cnbc.com
People switching to Novo's Wegovy pill from obesity injections kept losing weight in real-world study
The data on Novo's Wegovy pill suggests that patients may not need to take weekly injections forever, but can instead opt for more convenient treatments.
theguardian.com
UK economy ‘slightly larger’ than previously thought after Q2 growth revised up, but risks of financial crisis have risen – business live
UK cements its place as fastest-growing G7 country so far this yearThis morning’s upgrade to UK growth in April-June is a boost to Andy Burnham, analysts say, even though he didn’t take office until almost a month later.Chris Beauchamp, chief market analyst at IG, says:“Still on a post-speech high, the upgraded figure is yet more good news for the UK’s still-new(ish) prime minister.The highest growth in the G7 for the first half is certainly a headline and one that will help keep nervous MPs in line for a while, plus it helps take off pressure for a new election - why risk it now when things appear to be improving nicely.”The upward revision to real GDP growth in Q2, from 0.4% q/q to 0.5% q/q, suggests that the economy has been a bit more resilient to higher energy prices in the first half of the year than previously thought. This resilience may continue into Q3, but we still expect it to fade in Q4 as higher inflation takes a bigger bite out of households’ real incomes.The 0.5% q/q gain in Q2 real GDP followed unrevised growth of 0.6% q/q in Q1, with the breakdown still showing that the economy is no longer being heavily supported by government spending, which contracted by 0.5% q/q (revised down from -0.3%).“The upward revisions to Q2 GDP growth means the economy was even stronger in the first half of the year than we previously expected, despite the Iran war. What’s more, the composition of growth looks a little healthier. Surveys suggest that much of that positive momentum has been carried forward into Q3 meaning we have revised up our annual GDP forecast to 1.4%.“However, the next six months looks tougher with potential interest rate rises, a sharp increase in inflation and another tax raising budget all to come. That will drag heavily on growth over the winter.“Greggs served up a tasty trading update, with total sales growth accelerating to 7.7% over the third quarter.This was driven by more settled weather in recent months, alongside ongoing menu development and product innovation. New store openings also played their part, with the group on track for 100-110 net openings this year, excluding 12 Express locations, making it easier for more customers to tuck into their freshly baked goods. Continue reading...
theguardian.com
Greggs announces plans to shut four UK factories that could cost 740 jobs
Bakery chain, whose sales are up 7.7%, says move is necessary to provide growth in ‘most cost-efficient manner’Business live – latest updatesGreggs has announced plans to close four of its factories, in a move that could result in 740 job losses over the next two and a half years.The bakery chain said it was consulting on the closures, which would initially cost £60m when including disruption costs and redundancy payments but then could create £20m of savings each year by 2028. Continue reading...
cnbc.com
Drastic budget cutbacks essential to fund Europe's defense, Germany and allies warn
Six European leaders have called for major cuts to a proposed 2 trillion euro budget.
bbc.co.uk
Household energy bills forecast to see biggest rise in four years
A typical household faces an annual gas and electricity bill of £1,999 from January, based on a key forecast.
theguardian.com
Prosecco pratfalls and coffee catastrophes: Neets are missing out on formative first-job experiences | Isabel Brooks
Work in the hospitality industry made me who I am. Without it, young people are denied not only an income and a step on the career ladder, but important life skillsEveryone remembers their first job. More often than not, it’s in the service industry. I started at 14, pouring drinks, serving food and standing with an ice-cream tray. This is where I learned how to handle mistakes, such as dropping an entire tray of prosecco glasses, or spraying hot coffee all over a bridesmaid because I plunged the cafetiere with too much gusto. I learned how to talk to angry strangers, and what it means to have a bad manager. I learned that the customer is always right, except when you’re talking to chefs, who will throw ham at your head if you tell them that. All in all, I did 10 years of restaurant, bar, pub and cafe work, from the age of 14 to 24, and I largely attribute the formation of my character to that decade of work.But this kind of character-building experience is under threat. Job postings for temporary work in hospitality in the UK were down by 25% year-on-year between 2024 and 2025, with 22,369 fewer unique postings. Hospitality leaders have blamed rising wage and tax costs for their inability to hire new starters, and young people are bearing the brunt: nearly 1 million young people are not in education, employment or training (Neet), despite 84% of these seeking work. The Recruitment and Employment Confederation has explicitly warned that the industry relies heavily on 16- to 24-year-olds, so the impact will be on teenagers seeking their first job. In Manchester, Nell’s Pizza advertised 10 part-time roles for people between the ages of 14 and 18, and received about 2,000 applications.Isabel Brooks is a freelance writer Continue reading...
theguardian.com
Super-rich UK energy and food magnates’ wealth skyrockets amid global crises
Analysis has shown the costs of daily essentials soaring in recent years, thanks in part to climate shocks, wars and geopolitical tensionsFrançois Perrodo is what is known in motorsport as a gentleman driver. In June, he raced at Le Mans, earning a podium place. At the end of August he was back behind the wheel at the Circuit de Spa-Francorchamps. This time he won.Gentleman drivers are wealthy individuals who fund their own participation. The FIA governing body caps costs to keep racing accessible to such enthusiasts. But for self-confessed petrolhead Perrodo, it is well within his means. Continue reading...
bbc.co.uk
Greggs to shut four factories and cut 740 jobs
The company says it needs to "keep evolving alongside changing customer expectations".
cnbc.com
Boeing rises 3% after securing U.S. navy deal to develop next-generation fighter jet
The Department of War and the U.S. Navy said Tuesday that it's chosen aircraft manufacturer Boeing to develop its next generation of fighter jets.
cnbc.com
Russia targets data centers in Kyiv as NATO condemns Moscow’s ‘irresponsible nuclear rhetoric’
Russia intensifies attacks on Ukraine’s data centers and communications infrastructure, targeting facilities in Kyiv.
theguardian.com
Poundland management in rescue talks that could save 11,000 jobs
Ex-Asda boss Andy Bond linked to plan, with buyout team understood to be negotiating with financial backerPoundland’s management team are in “advanced talks” to lead a rescue bid for the ailing cut-price retailer that could save up to 11,000 jobs.The former Asda boss Andy Bond, who ran Poundland for a number of years from 2016 then stepped up to its former parent Pepco before leaving in 2025, is understood to be part of the negotiations to take on the business. Continue reading...
bbc.co.uk
People troll my DIY but they just spur me on
Female DIY experts and tradeswomen talk about their experiences of a traditionally male-dominated domain.
theguardian.com
I heard one thing loud and clear in Andy Burnham’s landmark speech: the left has won the arguments | Owen Jones
The PM’s stated trajectory is a rebuke to past Tory and Labour governments. The challenge now is to make his project progressive in word and deedAs Andy Burnham delivered his conference speech to the Labour faithful yesterday, it was hard not to recall Jeremy Corbyn’s words after the party’s shattering 2019 election defeat. “I am proud that on austerity, on corporate power, on inequality and the climate emergency,” he wrote for this publication, “we have won the arguments and rewritten the terms of political debate.” Given Boris Johnson’s 80-seat majority, widespread mockery ensued.But when it comes to rhetoric, who can now deny that the left has won the argument? A Labour prime minister has declared that “Britain has been on the wrong path for a long time”, listing five villains: “Deindustrialisation, deregulation, privatisation, austerity, Brexit.” His speech was infused with class politics, as he condemned a society “run for vested interests, not in the public interest, with power held in too few hands”.Owen Jones is a Guardian columnist. His latest book, The Fall of the West: How They Really Lost It, is published on 1 October. Order your copy at the Guardian bookshop Continue reading...
cnbc.com
Pressure on U.S. Treasurys eases after 30-year yield hits highest level since 2002
U.S. Treasury yields were lower on Wednesday after a fresh round of selloffs the previous day, as investors remained concerned about inflation.
cnbc.com
CNBC Daily Open: AI will be marking its own homework — for now
President Donald Trump has formalized his plan to rename AI as "Super Intelligence" as tech bosses sign an agreement to regulate the safety of models.
theguardian.com
Energy bills in Great Britain forecast to jump by £276 a year from January
Cap poised to rise by 16% to equivalent of £1,999 for dual-fuel bill, the biggest quarterly increase since January 2023Business live – latest updatesHousehold energy bills in Great Britain are predicted to reach almost £2,000 a year for the typical household from January as the impact of the Middle East war continues through the coldest months of winter.The government’s cap on energy prices is poised to jump by 16%, equivalent to adding £276 to the average annual dual-fuel bill to take it to £1,999, according to the leading forecaster Cornwall Insight. Continue reading...
theguardian.com
‘Delays are always welcome’: 10 of the best railway station pubs in England
Converted from Victorian buffet bars, ticket offices and waiting rooms, these station pubs offer beautifully restored interiors, real ales and a slice of railway historyNo prizes for guessing what this pub used to be… The Old Ticket Office has high ceilings, walls painted shades of locomotive green and booths resembling train carriages; there are outdoor tables on Station Square. A live train departures board theoretically prevents passengers lingering too long, and a canning machine means any draught beer is also available to take away (the hatch on platform 4 also does takeaway orders). There are five handpulls plus Young’s usual spritz menu and other drinks, plus light bites and pizzas. The pub is currently closed for roof repairs and expected to reopen by the end of October. Continue reading...
bbc.co.uk
Drop in donations puts community pantry at risk
St Paul's Pantry in Norton Lees say things are looking "pretty grim" without support.
bbc.co.uk
OpenAI unveils AI assistant 'dots' while safety worries delay new model
Sam Altman spoke in San Francisco during OpenAI’s annual event for tech developers.
bbc.co.uk
Risks being taken with heating oil orders, firm says
Customers in Berkshire and Hampshire are leaving it late to refill their tanks, an oil firm says.
theguardian.com
Andy Burnham wants to review the UK’s relationship with the EU. What are the options?
The PM said Brexit has ‘done more harm than good’ and wants an assessment before the next UK-EU summitAndy Burnham has said Brexit has “done more harm than good” and pledged to launch a major review of the UK’s relationship with the EU, opening the door to a potential referendum over rejoining the union.He said he would “lay out options” around the time of the next EU-UK summit, due to be held at the end of November or soon after. Continue reading...
theguardian.com
Nandy says children’s social media ban only ‘staging post’ in online safety drive
Exclusive: Culture secretary says UK will crack down further and be ‘pioneer of tech as a force for good’Lisa Nandy has warned technology firms that the government’s online safety crackdown is not finished, saying that banning under-16s from social media platforms is only a “staging post”.Earlier this year the government announced that teenagers under the age of 16 would be banned from accessing “high-risk” social media apps, while safer platforms would be subjected to restrictions. Continue reading...
cnbc.com
AI broke the job application. What replaces it?
Candidates can use AI to create endless resumes and cover letters. It's forcing businesses to rethink how they hire.
bbc.co.uk
Facing the future without the 'bank of mum and dad'
Young people struggling to make ends meet respond to the government's Your First Home scheme.
bbc.co.uk
Three takeaways from Trump's 'Super Intelligence' summit
The meeting at the White House came as some tech bosses and experts have called for tighter rules around AI.
theguardian.com
Economic growth and democratic decline: the ‘cotton king’ who reshaped Benin
Patrice Talon has transformed the west African country’s economy and infrastructure at the expense of political freedomIn recent years, a building boom has reshaped Benin’s largest city, Cotonou, and a shiny new coastal road has reduced journey times to Ouidah, the west African country’s spiritual and cultural capital.In the last decade, Benin’s annual GDP has grown from 3% to 6%, a regional high, and an industrial zone has been launched north-west of Cotonou to help industrialise the relatively small nation’s largely informal economy. Continue reading...
cnbc.com
China factory activity snaps 2-month contractionary streak in September
China's factory activity returned to growth in September as a deepening economic malaise prompts policymakers to ramp up stimulus steps and bolster growth.
cnbc.com
Beijing warns of retaliation if Europe imposes curbs on Chinese businesses
China must "respond firmly" if the EU introduces restrictions on Chinese businesses or products, the Commerce Ministry said, according to a CNBC translation.
cnbc.com
China has three new criteria for humanoid robot IPOs. Few, if any, meet them
China's securities regulator is raising the bar for public listings of humanoid robot startups with three specific criteria, according to three sources.
cnbc.com
‘Don’t go with a fund, go with a solution’: CEO’s tips from decades of global investing
BlueFive Capital CEO Hazem Ben-Gacem talks about his preferred investment areas and strategies.
cnbc.com
CNBC Daily Open: Markets are wide awake as September ends
With the developments in the AI world and markets keeping a close eye on Treasury yields, investors probably won't need much help keeping awake.
theguardian.com
Andy Burnham’s big bold leap - podcast
Helen Pidd reports from the Labour conference in Liverpool as Andy Burnham lays out his grand plans as prime minister. With deputy political editor Jessica Elgot Continue reading...
cnbc.com
Hedge funds hold a record share of the $30 trillion Treasury market. What could go wrong?
Hedge funds can boost Treasury market liquidity, but their growing role also risks creating financial instability.
theguardian.com
Trump announces vague ‘morally binding’ AI deal among tech CEOs for ‘tremendous self-policing’
US president also issues executive order officially rebranding ‘artificial intelligence’ as ‘superintelligence’Donald Trump announced on Tuesday that the heads of the largest US tech and AI companies had signed on to a “morally binding” agreement to put controls on artificial intelligence. He announced the deal, called the Joint Commitment On Frontier Responsibilities, following a White House luncheon with top tech executives.“It’s almost like a constitution in a way, and the biggest people in the world signed that, and I signed it as president, and it really is a form of protection,” Trump said. Continue reading...
bbc.co.uk
Chinese AI tool told researchers how to make bioweapons
Mindgard said it discovered in July that Kimi models K2.6 and K3 Swarm could evade developer's safety limits.
bbc.co.uk
The start-ups hoping to return battery making to the US
Batteries based on sodium-ion technology could be made in the US with locally sourced materials.
bbc.co.uk
Huel ad banned for suggesting its products could replace all meals
The advertising watchdog said that viewers could assume from the ad that replacing all normal food with Huel was "nutritionally appropriate".
cnbc.com
Clients said to be sticking with Morgan Stanley even after leaked deal pipeline
Morgan Stanley’s deal leak may not necessarily translate into lost mandates.
cnbc.com
Trump says he and tech leaders signed AI agreement that is 'morally binding'
The artificial intelligence luncheon comes as calls for a slowdown and regulation reach a fever pitch
cnbc.com
Ford CEO says it's 'too late' for Europe to fend off Chinese automakers, but not for U.S.
CEO Jim Farley's warning comes on the heels of a high-profile visit last week by Chinese President Xi Jinping with President Donald Trump
cnbc.com
The Fed's main inflation measure will be released Wednesday. Here's what to expect
Data is expected to show ongoing price pressures and consumers who nevertheless continue to spend.
theguardian.com
Sham City: verdict on financial breaches is damning and punishment must be severe | Jonathan Wilson
How can Manchester City be trusted under these owners after they were found to have devised £900m of ‘sham’ contracts? How bad could it be, really? How serious can a breach of arcane financial regulations be, really? Just how damning can accountancy be? Even after Friday’s revelation that Manchester City had been found guilty of all but one of the charges brought against them by the Premier League, it was perhaps difficult to grasp the scale of what that meant. After the publication of the independent commission’s findings, there can be no doubt: the commission found that Manchester City cheated, that they did so deliberately, and that they have sought to cover that up with a campaign of calculated misinformation.City continue to maintain their innocence and issued a statement insisting that “the opinion contains clear material errors, of law, principle and fact, and is unsafe”. It referred, once again, to “a comprehensive body of irrefutable evidence that exists in support of all of its positions”, and, again, insisted that “the club has diligently respected due process for eight years on the basis that the Premier League Board and Executive would behave as an independent, impartial and fair-minded regulator, free from partisan influence”. Continue reading...
cnbc.com
Alaska Airlines unveils massive premium cabin overhaul in high-end travel race
Alaska Airlines is overhauling its Alaska and Hawaiian cabins to include brand-new top-tier suites, a premium economy class and other features.
bbc.co.uk
Soho House venue under investigation for food safety
A former chef contacted Hackney Council after complaining to managers at the members' club.
theguardian.com
Give BrewDog ‘second chance’ says new owner as it invests £50m
US cannabis and drinks firm Tilray, which took over in March, says it will improve beers, pubs and working conditionsBrewDog’s new owner has urged drinkers to give the ailing brand “a second chance” as it invests more than £50m in improving the company’s beers, pubs and working conditions.The US cannabis and drinks company Tilray bought BrewDog for £33m in March this year, after the company collapsed into administration after five years of losses and a series of controversies relating to the treatment of workers under the founder James Watt. Continue reading...
theguardian.com
The Guardian view on Andy Burnham: grounds to hope for a better Britain | Editorial
By linking Brexit, voting reform and public services, the prime minister made a powerful, personal pitch for a brighter futureAndy Burnham’s first speech as prime minister to a Labour conference was a serious attempt to argue that rebuilding the public realm will be better for the country than shrinking the state. He is right about this. Mr Burnham’s belief in the power of government is welcome, as is his instinct that by spending now on public services he will save money later. Admitting that Brexit “has done more harm than good” before setting out options for a closer relationship with the EU could be the speech’s most consequential sentence. Offering voters a bargain at the next election – give up a little of the annual triple-lock increase in pensions for free personal care for older people – is a gamble.But Mr Burnham clearly thinks that he will be able to show that enough has improved by then for him to ask voters to let him finish what he has started. The prime minister smartly recast “take back control” as a Labour argument. His pitch was that privatisation removed economic control, emasculating local government removed political control, and Brexit reduced control over immigration. This was deftly done – threading a common idea through housing, water, energy and Europe.Do you have an opinion on the issues raised in this article? If you would like to submit a response of up to 300 words by email to be considered for publication in our letters section, please click here. Continue reading...
theguardian.com
Burnham’s triple lock gamble | Politics Weekly
Andy Burnham has delivered a powerful and emotional speech to the Labour conference. He announced policies on the pensions triple lock, social care and electoral reform. He said he was willing to talk about the things politicians usually avoid. But without a big budget can he deliver his big dreams for the country? Continue reading...
theguardian.com
Burnham’s electricity grid idea is interesting – but it’s not ‘public control’
For all the talk, the real value of GB Grid lies in giving the regulator perfect data to drive down costsWhat is Burnham’s GB Grid plan and could it bring down energy bills?Did share prices shudder as Andy Burnham unveiled Great British Grid (GBG) as a public sector challenger to the trio of private sector firms that own and operate the electricity grid? Not exactly. National Grid and SSE, the two listed in London, were down by about 0.5%, in line with the wider market.That mild reaction looks correct. For all the talk of greater public control over the electricity grid, the prime minister is not threatening to nationalise anything or take control of any existing assets. As the detail of the energy department’s announcement made clear: “Great British Grid will complement, rather than replace, the existing institutions responsible for Britain’s energy system and the role of existing network operators remains unchanged.” Continue reading...
theguardian.com
Smart ring maker Oura puts off initial public offering due to market ‘uncertainty’
Researchers say the IPO market was off to a solid start but tailed off in the third quarterSmart ring maker Oura Inc says it is postponing a planned initial public offering due to market “uncertainty”.In a Tuesday press release, Oura said it is delaying the stock market float “despite strong demand”. Continue reading...
theguardian.com
Will pensioners be poorer as a result of Burnham scrapping the triple lock?
Original triple lock was designed to lift pensioners out of poverty but OBR says it contributes to unsustainability of public financesThe prime minister has announced that the pensions triple lock will be scrapped in its current form, to partly fund a national care service. Continue reading...
bbc.co.uk
Burnham vows to end existing pension triple lock in 2030 to help fund care
The PM was at times emotional during his conference speech in which he outlined his long-term plan for the UK.
cnbc.com
Jamie Dimon has a plan to revive the West: A 'big, beautiful' deal with Europe
"Many of the current disputes between Europe and the U.S. are minor compared with this agreement's size and benefits," the JPMorgan boss wrote this week.
bbc.co.uk
Oura pulls $15bn stock market listing days after announcement
The wearable technology company had been expected to list its shares in the US.
theguardian.com
Barclays softens return-to-office plans for UK staff after backlash
Bank allows employees to delay being in workplace at least three days a week until 2027, if permission grantedBarclays has watered down its return-to-office plans after a major staff backlash, with the bank allowing some employees to wait until next year before having to be in at least three days a week.The bank this summer announced the attendance requirement would come in for its 45,000 UK staff from 5 October, with more senior employees expected to come in for at least four days. That compares with current rules requiring staff to come in for two days.Automatic exemptions of in-office attendance rules during school holidays and Christmas.Capping in-office requirements at one day a week for any carers or people with disabilities.Flexible start and finish times to allow for cheaper off-peak travel costs and to accommodate school pickup and drop-offs.Subsidised onsite meal costs.A single, consolidated payment made to all staff to make up for the costs of coming into the office, before March 2027. Continue reading...
bbc.co.uk
What is the triple lock and why are people talking about it?
The triple lock guarantees that the state pension is not overtaken by inflation or wage increases.
cnbc.com
Consumer optimism slides to lowest since 2014 as fears escalate over rising prices and jobs
The Conference Board's Consumer Confidence Index tumbled to 81.9, a decline of 6.7 points and a reading well below the forecast for 89.
theguardian.com
Even George Osborne might be a nimby if an AI datacentre was built next to his home | Letters
The quality of life for people living next to one would be destroyed, writes Moira Brewer; plus a letter from Mark DavisSo, George Osborne thinks people who don’t want an AI datacentre on their doorstep are nimbys (OpenAI’s George Osborne says datacentre nimbys holding back Britain, 22 September). He ought to come and visit our small town in Devon, where there are plans to build one of the largest datacentres in Europe, along with a battery energy storage system, on 850 acres of farmland.The size of this proposed development is quite out of proportion to its location – larger than the town itself – and accessed by narrow lanes. It would be a huge blot on a beautiful rural landscape that is enjoyed by holidaymakers who are vital to the local economy. Continue reading...
bbc.co.uk
Faisal Islam: Triple lock move is significant, but it's a gamble
I had expected him to try to forge a political consensus on this thorny issue at this stage, but he has gone further than that.
cnbc.com
Hassett: 'We're still working our way out from' Biden Covid spending
President Donald Trump regularly defends his administration's record by contrasting it favorably with the Biden era, or blaming the former president.
theguardian.com
Manchester City guilty over Premier League charges after £900m of ‘sham’ contracts
Commission: club broke rules over nine-season periodCity will appeal against verdict before Friday deadlineThe Premier League has confirmed Manchester City have been found guilty of all charges of breaching its financial rules over a nine-year period, with the club found to have boosted their income by a staggering amount of more than £900m.In a bombshell announcement the Premier League revealed an independent commission had found City guilty of arranging “sham contracts” with commercial partners to artificially inflate revenues and reduce costs, and of filing inaccurate accounts to hide the true state of their finances, which if accurately reported would have led to significant breaches of Premier League and Uefa spending limits. Continue reading...
cnbc.com
America's Canadian import restrictions come into force. Here are the products barred from entry
President Donald Trump says he expects Ottawa to concede to its demands on trade in the coming weeks, but Canadian officials insist they won't sign a bad deal.
theguardian.com
Eiffel Tower chief to quit after female staff told to stay hidden during Hindu group visit
Patrick Branco Ruivo to leave post after decision contrary to France’s ‘value of equality’ sparked outrage and strikeThe head of the operating company that runs the Eiffel Tower is to step down after a row over female staff being ordered to stay out of sight during a visit by a Hindu religious group.Patrick Branco Ruivo will leave his job at the end of the year, the Eiffel Tower Operating Company (Sete) announced in a statement on Tuesday. Continue reading...
theguardian.com
Diesel export ban: will Trump push global energy prices even higher? - The Latest
As the fallout from the Iran conflict continues, the price of diesel has soared to record highs in the UK, Europe and US. With his country facing an increase of 70% in costs compared with this time last year, Donald Trump is threatening a ban on US diesel exports to keep costs low for American consumers. But the plans have been met with alarm – the UK is holding talks with US counterparts to try to block the move, which France says would be ‘catastrophic’ if introduced. Lucy Hough speaks to energy correspondent Jillian Ambrose – watch on YouTube Continue reading...
theguardian.com
South West Water fined £8m for hundreds of sewage spills in Cornwall and Devon
District judge orders record fine for region and says incidents of pollution cannot be toleratedA water company has been ordered to pay a record fine of almost £8m for hundreds of sewage spills at popular bathing spots and sensitive habitats in Cornwall and Devon.On one occasion, untreated sewage gushed through a harbour wall on a bank holiday weekend but South West Water (SWW) engineers took 10 hours to attend. Continue reading...
bbc.co.uk
Burnham says public body will invest in electricity grid
The prime minister said he wants to reduce energy costs in his first conference speech as Labour leader.
theguardian.com
Andy Burnham fights tears as he speaks of his dad at Labour conference – video
Andy Burnham appeared on the verge of tears as he paid tribute to his father, Roy, on the second day of the party conference. The prime minister said he was 'utterly determined' to ensure the UK, which had given his dad 'a good life', stayed unitedUK politics: latest updates Continue reading...
theguardian.com
Soho House launches investigation after out-of-date food mislabelled in kitchen
Private members’ club apologises after former employee exposes issue at its Shoreditch House venueThe Soho House private members’ club has launched an investigation after out-of-date food was mislabelled in one of its kitchens.The club, which charges up to £4,500 a year for membership, has apologised after a former employee made a video on TikTok exposing the issue. Continue reading...
cnbc.com
Putin orders army expansion as Zelenskyy warns Russia preparing to deploy 10,000 North Korean troops
The decree marks the fourth increase in Russia’s military staffing levels this year as the war in Ukraine continues into a fifth winter.
bbc.co.uk
US ban on Canadian alcohol and dairy takes effect as trade war drags on
It is the latest escalation in the Canada-US trade war after negotiations collapsed in late August, with no word on when talks may resume.
theguardian.com
UK mortgage demand drops to 32-month low as Iran war drives up borrowing costs
Average five-year fixed mortgage interest rate has hit 5.94%, its highest since October 2023, says MoneyfactsDemand for UK mortgages slumped to a 32-month low in August as buyers were deterred by rising costs linked to the war in Iran.Just 54,918 mortgages for new home purchases were approved in August, the Bank of England reported on Tuesday, the lowest monthly total since December 2023. Continue reading...
theguardian.com
What is Burnham’s GB Grid plan and could it bring down energy bills?
Proposed government-backed network body welcomed by some in sector but others call it just another quangoNils Pratley: Burnham’s electricity grid idea is interesting – but it’s not ‘public control’Andy Burnham’s first address to the Labour party conference as prime minister addressed Britain’s rising energy costs and sluggish economic growth with plans for a new government-backed body to invest in the electricity grid.The proposals to set up Great British Grid, first revealed by the Guardian, build on the party’s manifesto pledge to create Great British Energy, a state-owned company to invest in renewables. Continue reading...
theguardian.com
How gold surpassed cocaine as Peru’s most profitable criminal industry
As gold prices surge, illegal mining has laid waste to swathes of Tambopata National Reserve’s rainforest “Halt, stop right there,” shouts a Peruvian Navy Seal, firing warning shots into the air. But the fleeing man pays no attention, scrambling up to the rim of a football pitch-sized crater and disappearing into the dense rainforest as the commandos give chase, swearing and shooting.Meanwhile, other marines set dynamite charges on a makeshift wooden raft that floats in the crater, which is essentially an enormous pit of opaque, stagnant water. The raft has a diesel-fuelled suction pump motor with thick plastic tubing used to suck up and sift through river sediment for tiny particles of gold. Continue reading...
cnbc.com
Mistral CEO says U.S. AI safety debate masks competitors’ 'negligence'
Mistral CEO Arthur Mensch criticized rivals’ AI safety arguments as the industry faces scrutiny after several AI agents took unauthorized actions.
theguardian.com
‘Visible and engaged’: Burnham in listening mode with businesses at Labour party conference
PM reassures firms and chancellor vows help on costs – but unease remains over possible budget tax risesBusiness live – latest updatesA year ago Andy Burnham had a tough business reception at Labour’s party conference. The then mayor of Greater Manchester, with clear ambitions to replace Keir Starmer, had rattled the City of London with his comment that Britain should be less “in hock” to bond markets.Returning to the annual gathering in Liverpool a year later as prime minister, the mood is different. Labour is pushing to repair relations with corporate Britain and reassure City bond traders against a jittery backdrop amid the Middle East war. Continue reading...
bbc.co.uk
Warning more homes will be uninsurable due to flood risk
Aviva boss Amanda Blanc said England was "for sure" building homes that might be uninsurable at some point in the future.
bbc.co.uk
OpenAI scraps rollout of new model over safety concerns
The firm also issued an update on incidents in which its models accessed Australian government systems.
theguardian.com
On the rocks? Scotch distilleries pause production as unsold ‘whisky loch’ grows
Demand for Scotland’s most famous export has slumped, with industry facing job cuts and closuresObscured by the Scottish countryside on the outskirts of Kirkcaldy, Cluny bond is, in effect, a small town built to store whisky. By the time the latest set of warehouses are finished on the former opencast coal mine, Diageo’s 220-hectare (544-acre) maturation campus will be able to store almost 3m casks of Scotch. The drinks multinational needs the space.After a 15-year boom turbocharged by the Covid-19 pandemic, demand for Scotch whisky has slumped around the world. Distilleries have paused production across Scotland to avoid adding to the glut of supply, known as a “whisky loch” – the equivalent of a “wine lake”. Continue reading...
bbc.co.uk
UK tries to stop Trump's diesel export ban
John Healey said the government is in talks with the US over Donald Trump's threat to stop exports.
bbc.co.uk
I paid £30,000 for an 'influencer' degree. Here's why
Content creation degrees aim to help people make money from social media, but are they worth the money?
theguardian.com
LV= insurance is ignoring us while our house literally falls apart
We are living in a collapsing property because of cost-cutting and delays over our subsidence claimLV= General Insurance is forcing a family with three young children to live in a collapsing home because of cost-cutting and delays.We lodged a claim for subsidence damage to our extension and conservatory in 2023. Instead of authorising the repairs recommended by independent experts, LV= has spent years stalling and proposing inadequate, superficial patching methods. Continue reading...
cnbc.com
India readies $25 billion for Deep Tech investment as U.S. and China race ahead
In a bid to cut its reliance on foreign tech, India tries to catch up with China and the U.S. by readying an investment of $25 billion in Deep Tech startups.
cnbc.com
CNBC's The China Connection newsletter: Spectacle-heavy Trump-Xi summit was more about domestic messaging
Much of the pageantry was meant for the leaders' constituencies at home, analysts said.
bbc.co.uk
Why UK diesel prices have hit an all-time high
The average price of a litre of diesel at the pump stands at 198.32p, according to the RAC motoring body.
bbc.co.uk
UK diesel price hits all-time high, the RAC says
The US-Israel war with Iran has caused fuel prices to soar due to disruption of global oil supplies.
bbc.co.uk
What a US diesel export ban could mean for you
The threatened proposal aims to protect US consumers from rising costs, but it could trigger major economic waves if it were to happen.
bbc.co.uk
Aldi boss says some of rivals' loyalty discounts 'dupe' customers
Aldi is the only major supermarket chain that doesn't operate a loyalty scheme, which are hugely popular and used by millions of shoppers.
bbc.co.uk
What is the Budget and what could be in it?
Chancellor John Healey will set out his plans for UK taxes in October.
theguardian.com
Did you buy your home using help-to-buy? Tell us about your experience
We’d like to hear from people in England who used the government’s previous equity loan scheme to buy their first home about how it worked out for themThe government has announced plans for a new scheme to help first-time buyers purchase a home. The programme, called “Your first home”, is intended to help buyers in England who have a regular income but have been unable to save for a large deposit or don’t have financial support from their family.We’d like to hear from people who used the previous help-to-buy equity loan scheme. Did it help you buy a home you otherwise couldn’t have afforded? Continue reading...
theguardian.com
How a $60 loaf of rye bread went viral in New York City: ‘It’s a conversation piece’
Bread experts weigh in on whether the rye sourdough that bakers ‘feed every day’ is worth that muchA loaf of bread has become New York City’s latest viral hit and, somehow, status symbol.At Rye, the first US outpost of Austrian bakery Martin Auer, a 3.3lb loaf of 100% rye sourdough sells for $60 in SoHo. Made with just water, flour, salt and time, the bread has attracted the kind of attention once reserved for rainbow bagels, cronuts and skyscraper milkshakes. Which raises the inevitable question – is it actually worth that much? Continue reading...
theguardian.com
What you need to know about Your First Home scheme for first-time buyers
Government announcement sparks a rally in FTSE-listed housebuilders, but there are still a lot of unknownsLabour’s modest reheat of help to buy is worth a tryThe government will unveil a fresh scheme to help people on to the housing ladder next month but a debate is already raging over whether it is first-time buyers or housebuilders who will be the biggest winners.At the weekend, Andy Burnham announced plans for Your First Home, which aims to give a helping hand to first-time buyers who do not have the luxury of being able to call on the “bank of mum and dad”. Continue reading...
bbc.co.uk
Why the PM could finally drop the triple lock pension pledge
Andy Burnham said that he would make tough decisions to fund a new national care service.
bbc.co.uk
How much is in your savings account?
From £65 to $60,000 - we talk savings with people in East London's Brick Lane.
bbc.co.uk
My hometown shows that high streets have to change or die
Aberdeen is launching an ambitious bid to revive its struggling centre. Could it offer lessons for other high streets?
theguardian.com
‘People are standing up and fighting back’: the north Devon revolt against a vast AI datacentre
Plans for one of Europe’s largest AI campuses in a Unesco-designated reserve have sparked a fierce local backlashThe datacentre revolt spreading across the US has reached the rolling hills of north Devon in an uprising against a planned hyperscale AI data campus in the middle of a globally protected landscape.Perched on an inland cliff, the town of Great Torrington has views that stretch for miles over the landscape of the Unesco biosphere reserve in which it sits, taking in the winding River Torridge and rolling acres of wooded valley and wildflower meadows. Pastoral and peaceful, its history was notably punctured by violence in 1646 when the royalists’ resistance in the first English civil war was brought to an end by the parliamentarian New Model Army in a battle fought out in the narrow streets in heavy rain and darkness. Continue reading...
theguardian.com
London transfer: is it time to kill off the Heathrow Express?
With fares high and passenger numbers low, plans for a third runway could bring the train’s future into questionIf Heathrow finally builds its third runway, Londoners can expect hundreds more planes flying overhead each day. But greater congestion on the ground will be a problem too. Under Heathrow’s £33bn expansion plan, 100,000-200,000 more passengers would eventually be travelling to or from the airport each day.The most eye-catching problem has been moving part of the UK’s busiest motorway, the M25, to make space for a new 2.2-mile (3.5km) runway. A thornier one may be getting motorists out of their cars, and finding more sustainable ways for the extra passengers – and thousands of staff – to travel to and from Heathrow. Continue reading...
theguardian.com
‘I felt shame’: former BA worker locked in legal battle after losing job of 30 years
Cabin crew worker was among thousands of staff laid off during pandemic in what MPs called a ‘national disgrace’During a 30-year career as a member of British Airways’ cabin crew, Tess De Mello took pride in a job well done, saying she regularly went above and beyond to make passengers more comfortable. To her, the role was more than just employment – it was part of her identity.“I took pride,” she said. “I really took pride in myself, I took pride in my role, I took pride in everything because it was everything I wanted to be.” Continue reading...
bbc.co.uk
Save or Overpay? What to do with your mortgage if interest rates rise
Save or Overpay? What to do with your mortgage if interest rates rise
bbc.co.uk
Business Daily
Did trade frenemies find common ground at the White House?
bbc.co.uk
Europe's car makers are in crisis. Will the threat of war rescue them?
Auto executives across Europe hope rearmament can help them flex their industrial muscles once more.
bbc.co.uk
What's the smallest amount you'd ask a friend to pay back?
We ask New Yorkers to share the smallest amount they'd ask a friend to pay back.
bbc.co.uk
X-planes: Are they needed in the new era of drones?
Where do America's X-plane projects fit in an era of cheap drones?
bbc.co.uk
How the oil capital of the US welcomed a solar power boom
Texas is now the country's biggest producer of solar-farmed electricity.
bbc.co.uk
Spain battles climate change on several fronts
A summer of wildfires and heatwaves underlines the threats to the country's economy.
bbc.co.uk
The virtual worlds where robots are trained
Training systems that allow robots to negotiate the real world are getting more sophisticated.
bbc.co.uk
Would you buy branded clothing from your favourite tech firm?
Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.
bbc.co.uk
The extreme engineering of aircraft windows
Few companies have the technology to make aircraft windows which are getting harder to make.
bbc.co.uk
Can Europe recharge its battery industry?
Europe has some promising battery tech, but can it make up ground lost to Chinese battery giants?
bbc.co.uk
I asked my husband to pay into my pension when we had a child - here's why
Molly and Taylor Haylett explain the changes to how they managed their finances when they started a family.
bbc.co.uk
Why some experts increasingly fear AI will take over
AI agents went on an uncontrolled hacking spree, leaving some in the industry worried
bbc.co.uk
Should promotion depend on how workers use AI?
More companies are tying career progression to AI use: is that fair?
bbc.co.uk
'Tirana teeth': Albania hopes to be the new Turkey for dental work
The Balkan nation is aiming to become a new centre for medical tourism.
bbc.co.uk
Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
bbc.co.uk
From 'dog fruit' to darling: India's avocado boom
Demand for avocados is booming in India and local growers hope to grab more of the market.
bbc.co.uk
Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
bbc.co.uk
Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
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